Big Four giants eye AI assurance tools to tap in on client concerns June 3, 2025 The majority of the Big Four giants are developing a new audit system for AI tools as they hope to tap into a new revenue stream
Company bosses hit pause on growth plans after tariff shock May 27, 2025 Top UK business leaders have sounded the alarm on geopolitical tensions, warning that trade uncertainties are threatening their growth prospects. Nearly half of UK chief executives admitted to being “very or extremely concerned” about the impact of tariffs on their company’s operations and sales in the upcoming year. Concerns have led to company chiefs slamming [...]
UK economy shows early signs of recovery after ‘Awful April’ May 22, 2025 The UK economy looks set to recover from a torrid month for businesses in which higher energy costs and employment tax rises kicked into effect, fresh data has suggested. S&P Global’s latest flash purchasing managers’ index (PMI) showed that the UK’s services sector has seen moderate growth in output in May while contractions in manufacturing [...]
Mark Kleinman: Reeves’ City IPO push still lacks momentum May 22, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Reeves’ City IPO push still lacks momentum It’s the City’s most oft-recurring question: how do you reverse the alarming decline in London’s attractiveness as a destination for IPOs? The bald statistics legitimise the urgency of the [...]
EY labels former head of EY Abu Dhabi a ‘fraudster’ in £2.7bn legal battle May 21, 2025 EY UK's barrister described the former head of EY Abu Dhabi as "plainly a fraudster" in the openings at the £2.7bn legal battle
Half of UK millennials set to include crypto in investment portfolios May 20, 2025 Almost half (49 per cent) of UK millennials are planning to invest in digital assets such as cryptocurrencies in their investment portfolios, City AM can reveal. The significant number of millennials backing bitcoin compared to 27 per cent of Gen X investors and eight per cent of baby boomers, EY’s recent UK Wealth Report found. [...]
EY audit of NMC ‘was deficient in multiple respects’ says regulator May 19, 2025 The High Court will hear a draft report by the FRC concluding that EY's audit of collapsed NMC "was deficient in multiple respects"
EY’s £2.7bn legal fight over NMC Health audits May 19, 2025 A mammoth legal fight against EY over its auditing of a former London-listed health giant that collapsed after allegations of fraud starts today
Virgin Media O2 to create £1.4bn giant in mega deal May 12, 2025 Virgin Media O2 has announced plans to create a new communications and IT giant which is expected to turn over around £1.4bn. The move will see Virgin Media O2 and Daisy Group combine their direct B2B (business to business) operations. Virgin Media O2 is to own 70 per cent of the new entity, with Lancashire-headquartered [...]
The Capitalist: City grandees live it up at the City AM Awards May 8, 2025 Forget the first Monday in May, The Capitalist joined City grandees at Guildhall for a behind the scenes look at the City AM Awards.